David Vang

Professor, Finance

dovang@stthomas.edu

(651) 962-5127

2115 Summit Ave
McNeely Hall 354
St. Paul, MN 55105

Ph.D., Economics, Iowa State University
B.A., Economics/Political Science, St. Cloud State University

See publications in UST Research Online

Dave Vang graduated summa cum laude from St. Cloud State University and received a Ph.D. in economics from Iowa State University. Besides being an award-winning teacher, he has performed more than 70 consulting assignments for firms ranging from small businesses to Fortune 100 corporations. He has been a CFO for a technology firm through the process of start up to going public, and this experience led him to co-author the textbook Entrepreneurial Finance: An Applied Approach 3rd edition, published by M.E. Sharpe

Fall 2014 Courses
Fall 2014 Courses
Crs - Sec Title Days Time Location
FINC 321 - 10 Financial Management - T - R - - - 1330 - 1510 MCH 114
Description of course Financial Management : CRN: 43241
An examination of the elements of the finance function of the organization as well as the financial analysis of decisions. Topics include working capital management, acquisition of capital, capital budgeting, cost of capital, theories of valuation, and present value. Prerequisites: ACCT 210, ACCT 215 (or ACSC 320 for actuarial majors), STAT 220 (MATH 313 or STAT 314 for actuarial majors), ECON 251, 252, and junior standing.

Schedule Details

Location Time Day(s)
FINC 430 - 01 Financial Intermediaries M - - - - - - 1730 - 2115 MCH 116
Description of course Financial Intermediaries : CRN: 42722
Concepts, practices and organization for financial management of various financial intermediaries. Asset-liabilities management, duration, swaps, hedges and other concepts will be covered. Banks will be the primary area for study, but the course also will look at other institutions including insurance, funds and thrifts. The course will be based on text, lectures, guest speakers, computer modeling, a bank simulation and examination. Prerequisites: FINC 324 or 325, MATH 109 or 111 or 113, and BETH 301

Schedule Details

Location Time Day(s)
FINC 600 - 421 Financial Management - - - - - - - -
Description of course Financial Management : CRN: 42730
This course will focus on the financial management of business. It will cover the following subject matter: risk, return, evaluation, cost of capital, capital budgeting, long-term financing, capital structure theory, financial analysis and planning, and working capital management. The international aspect of financial management will be covered as it applies to the subject matter outlined above. -- Prerequisite: OPMT600, ACCT601, GBEC600

Schedule Details

Location Time Day(s)
FINC 600 - 802 Financial Management - - - R F S - 0730 - 1700 TMH 460
Description of course Financial Management : CRN: 42731
This course will focus on the financial management of business. It will cover the following subject matter: risk, return, evaluation, cost of capital, capital budgeting, long-term financing, capital structure theory, financial analysis and planning, and working capital management. The international aspect of financial management will be covered as it applies to the subject matter outlined above. -- Prerequisite: OPMT600, ACCT601, GBEC600

Schedule Details

Location Time Day(s)
J-Term 2015 Courses
J-Term 2015 Courses
Crs - Sec Title Days Time Location
Spring 2015 Courses
Spring 2015 Courses
Crs - Sec Title Days Time Location
FINC 430 - 01 Financial Intermediaries M - - - - - - 1730 - 2115 MCH 234
Description of course Financial Intermediaries : CRN: 21981
Concepts, practices and organization for financial management of various financial intermediaries. Asset-liabilities management, duration, swaps, hedges and other concepts will be covered. Banks will be the primary area for study, but the course also will look at other institutions including insurance, funds and thrifts. The course will be based on text, lectures, guest speakers, computer modeling, a bank simulation and examination. Prerequisites: FINC 324 or 325, MATH 109 or 111 or 113, and BETH 301

Schedule Details

Location Time Day(s)
FINC 430 - 02 Financial Intermediaries - T - R - - - 1525 - 1700 MCH 232
Description of course Financial Intermediaries : CRN: 22581
Concepts, practices and organization for financial management of various financial intermediaries. Asset-liabilities management, duration, swaps, hedges and other concepts will be covered. Banks will be the primary area for study, but the course also will look at other institutions including insurance, funds and thrifts. The course will be based on text, lectures, guest speakers, computer modeling, a bank simulation and examination. Prerequisites: FINC 324 or 325, MATH 109 or 111 or 113, and BETH 301

Schedule Details

Location Time Day(s)
Academic and Professional Positions
  • Full Professor, University of St. Thomas, St. Paul / Mpls (2000 - present)
  • Chairman of the Department of Finance, University of St. Thomas, St. Paul / Mpls (1999 - 2011)
  • Associate Professor of Finance, University of St. Thomas, St. Paul / Mpls (1994 - 2000)
  • Acting Chief Financial Officer, Inter-Con/PC, Inc., Eden Prairie (1998 - 1999)
  • Visiting Professor of Engineering, University of Minnesota, Minneapolis (1999 - 1999)
  • Director of the Finance Concentration, University of St. Thomas, St. Paul / Mpls (1995 - 1999)
  • Assistant Professor of Finance, University of St. Thomas, St. Paul / Mpls (1989 - 1994)
  • Visiting Professor of Engineering, University of Minnesota, Minneapolis (1993 - 1994)
  • Instructor of Finance, University of St. Thomas, St. Paul / Mpls (1988 - 1989)
  • Instructor of Finance, Iowa State University, Ames (1986 - 1988)
  • Teaching Assistant of Economics, Iowa State University, Ames (1983 - 1986)
  • Other, Office of Senator Rudy Boschwitz, Washington (1983 - 1983)
  • Research and mailing list maintenance, St. Cloud State University, St. Cloud (1980 - 1982)

Professional Memberships
  • Financial Management Association

Public Service
  • Presentation of the Blessed Virgin Mary Parish Finance Committee, Committee Chair
  • Homeless Ministry Care Provider, Other

Publications
  • Lundsten, L. L., Daugherty, M. S., Shovein, J. A., Sullivan, M. F., Beckmann, H., & Vang, D. O. (forthcoming). Why don't we just ask them - do finance practitioners read academic research??. Humanomics, (29)(3),
  • Glac, K., Skirry, J. D., & Vang, D. O. (2012). What is so morbid about Viaticals: An examination of the ethics of economic ideas and economic reality. Business and Professional Ethics Journal, (31)(3/4), pp. 453-474
  • Lutz, H. S., Vang, D. O., & Raffield, W. D. (2012). Using game theory to predict supply chain cooperation. Performance Improvement Journal, (51)(3), pp. 19-23
  • Jithendranathan, T., & Vang, D. O. (2010). Impact of single stock futures on the volatility of underlying Russian stocks. Global Business and Financial Review, (15)(2), pp. 156-168
  • Hamilton, T. W., & Vang, D. O. (2009). Appraising leased assets: A needed correction to WSATA procedures. Real Estate Journal, (25)(9), pp. 212-220
  • Jithendranathan, T., Odinaeva, L. L., & Vang, D. O. (2009). Spatial integration and price volatility of Russian regional wheat markets. International Journal of Business and Economic Perspectives, (4)(1), pp. 18-32
  • Hamilton, T. W., & Vang, D. O. (2008). Accounting for operating leases in the unit valuation approach. Journal of Property Tax Assessment and Administration, (5)(3), pp. 25-35
  • Hamilton, T. W., & Vang, D. O. (2007). Partitioning capitalization rates operating leases in unitary valuation. Appraisal Journal, (75)(2), pp. 146-155

Books and Chapters
  • Cornwall, J., Vang, D. O., & Hartman, J. (2012). Entrepreneurial financial management: An applied approach 3rd ed. New York New York: M.E. Sharpe
  • Vang, D. O. (2012). Introduction to Nonprofit Management; Text and Cases. In W. Glenn Rowe & Mary Conway Dato-On (Ed.), OHNO swim club: Organizational governance and mission (pp. 67-72). Ivey Casebook Series: A Sage Publication
  • Cornwall, J., Vang, D. O., & Hartman, J. (2009). Entrepreneurial financial management: An applied approach - 2nd ed. M.E. Sharpe
  • Cornwall, J., Vang, D. O., & Hartman, J. (2004). Entrepreneurial financial management: An applied approach. Prentice-Hall Active Learning Technologies

Research Interests
  • Banking
  • Corporate Finance
  • Derivatives
  • Economic Markets - Domestic
  • Economic Markets - International
  • Employment
  • Health Care
  • Operations
  • Public Finance
  • Real Estate
  • Valuations

Presentations